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Restaurant

Wendy’s Brand New 2021 Constructions Knoxville TN MSA

410 S Charles G Seivers Blvd, Clinton, TN 37716

Listing Price: $2,637,363

Cap Rate
4.55%
Tenant Name
Wendys
Years Remaining On Lease
20.0
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,198.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.55

Investment Overview

Marcus & Millichap is pleased to present for sale this brand new
construction Wendys Restaurant with Drive Thru located at 410 S. Charles
G. Seivers Boulevard in Clinton, Tennessee. Clinton, Tennessee is a short
25 minute drive from downtown Knoxville and benefits from being part
of the Knoxville Metropolitan Area with a population over 1,045,111 and
the third largest metropolitan area in Tennessee. This Wendys property is
currently under construction and has an estimated opening date of mid to
late October 2021.
This Wendys Restaurant is located nearby many colleges and universities.
The property is 14 minutes from Goff Health Sciences and Technology
College with 6,214 students; 17 minutes from Crown College with 1,522
students and 20 minutes from Pellissippi State Community College with
over 10,894 students. Many apartment complexes surround this property
including Willow Run, a brand-new apartment complex only three minutes
from this Wendys. Also three minutes away is Charles Seivers Towers
with five stories and 149 apartment units. Other apartment complexes in
close proximity include Calloway Apartments, Gate manor Apartments and
Village at Carriage Hills Apartments. Hospitals in the vicinity of this property
include Nearedt hospital, Methodist Medical Center and North Knoxville
Medical Center all less than 20 minutes from this property. Clinton High
School with 1,112 students as well as Clinton Middle School with 560
Students are also minutes from this Wendys.
Wendys is an international fast-food restaurant chain founded by Dave
Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019,
there were a total of 6,828 locations, including 361 that are company
owned. 6,467 restaurants are franchised and 77 percent of them are
located in North America. (In 2016, Wendys was the worlds third largest
hamburger fast-food chain following Burger Kings 12,000 plus locations
and McDonalds 31,000 locations.

Investment Highlights

  • Brand New 2021 Construction Wendys Restaurant with Drive Thru
  • Estimated Opening October 2021
  • Located at a Hard Corner Signalized Intersection
  • Very Strong 220+ Unit Operator
  • Wendys is considered an Essential Tenant
  • Located a short 25 minute drive from Downtown Knoxville

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Wendy’s Brand New 2021 Constructions Knoxville TN MSA

Listing Price: $2,637,363

Cap Rate
4.55%
Tenant Name
Wendys
Years Remaining On Lease
20.0
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,198.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.55

Investment Highlights

  • Brand New 2021 Construction Wendys Restaurant with Drive Thru
  • Estimated Opening October 2021
  • Located at a Hard Corner Signalized Intersection
  • Very Strong 220+ Unit Operator
  • Wendys is considered an Essential Tenant
  • Located a short 25 minute drive from Downtown Knoxville

Investment Overview

Marcus & Millichap is pleased to present for sale this brand new
construction Wendys Restaurant with Drive Thru located at 410 S. Charles
G. Seivers Boulevard in Clinton, Tennessee. Clinton, Tennessee is a short
25 minute drive from downtown Knoxville and benefits from being part
of the Knoxville Metropolitan Area with a population over 1,045,111 and
the third largest metropolitan area in Tennessee. This Wendys property is
currently under construction and has an estimated opening date of mid to
late October 2021.
This Wendys Restaurant is located nearby many colleges and universities.
The property is 14 minutes from Goff Health Sciences and Technology
College with 6,214 students; 17 minutes from Crown College with 1,522
students and 20 minutes from Pellissippi State Community College with
over 10,894 students. Many apartment complexes surround this property
including Willow Run, a brand-new apartment complex only three minutes
from this Wendys. Also three minutes away is Charles Seivers Towers
with five stories and 149 apartment units. Other apartment complexes in
close proximity include Calloway Apartments, Gate manor Apartments and
Village at Carriage Hills Apartments. Hospitals in the vicinity of this property
include Nearedt hospital, Methodist Medical Center and North Knoxville
Medical Center all less than 20 minutes from this property. Clinton High
School with 1,112 students as well as Clinton Middle School with 560
Students are also minutes from this Wendys.
Wendys is an international fast-food restaurant chain founded by Dave
Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019,
there were a total of 6,828 locations, including 361 that are company
owned. 6,467 restaurants are franchised and 77 percent of them are
located in North America. (In 2016, Wendys was the worlds third largest
hamburger fast-food chain following Burger Kings 12,000 plus locations
and McDonalds 31,000 locations.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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